The short term will be very interesting for this stock, I've been holding for a few years now and have watched the trends which have been predominantly downward.
The teases of some positive ann's which have direct or indirect connections with global brands. The requests for more funds to buy materials, R & D, expansion of manufacturing, sales and working capital.
I think management have done really well to get people to buy in to the concept of biodegradable and to get the company where it is today and also continue to get more funds out of existing shareholders who most of are all down on their investment.
It is moment of truth time for CNN, there is no need for further expansion we have the factories, have the products and have the sales team and distribution network to make it happen.
A wave of commercial contracts need to come in soon and the company needs to start making profit without further dilution and no more burning cash.
The China trials will be interesting, if they come through with commercial contracts this will be big for the company and there is a lot of talk about brazil which seems to be promising.
Revenue is up so something is building I only hope this one can finally pay off for us all in the short term.
Anyone have any idea's on the proposed ann coming up as stated in the quarterly?
Hopefully it is a Thumper of an ann!
Good luck everyone
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